8924 Van Nuys Blvd
8924 VAN NUYS BLVD, PANORAMA CITY, CA 91402
$3,830,000
18 Units
Built in 1960
15,670 SF
IDEAL UNIT MIX—This property has a diverse mix of 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom units
POOL—The property has a pool in the center of the courtyard
SOFT STORY RETROFITTING—The property has already undergone the required seismic retrofitting saving the future owner substantial costs
VALUE-ADD POTENTIAL IN STRONG RENTAL MARKET—The Panorama City area has strong rental market with almost 16% rent growth since 2017. 3 units have been renovated and there is approximately 44% upside in rents based on future upgrades